Metal 3D Printing Market By Form (Powder, Filament), Type (Titanium, Steel), End-User (Medical & Dental, Automotive), & Region for 2024-2031
Report ID: 197431|No. of Pages: 202
Metal 3D Printing Market By Form (Powder, Filament), Type (Titanium, Steel), End-User (Medical & Dental, Automotive), & Region for 2024-2031
Metal 3D Printing Market Valuation – 2024-2031
Increasing demand for lightweight and high-strength components in industries such as aerospace, automotive, and healthcare has been driving the growth of the Metal 3D Printing market. Rising adoption of this technology for its ability to produce complex geometries and reduce material wastage has significantly expanded its market size. According to the analyst from Verified Market Research, the Metal 3D Printing Market is estimated to reach a valuation of USD 4.23 Billion over the forecast subjugating around USD 1.16 Billion valued in 2024.
The rapid expansion of the metal 3D printing market is primarily driven by growing technological advancements in additive manufacturing techniques and materials. Increasing innovation in 3D printing hardware and software has been contributing to the rising CAGR of the market, enabling faster production times and enhanced precision. It enables the market to grow at a CAGR of 19.30% from 2024 to 2031.
Metal 3D Printing Market: Definition/ Overview
Metal 3D Printing, also known as metal additive manufacturing, is defined as a process in which metal components are created by layering materials based on a digital 3D model. This technology is utilized for producing complex, lightweight structures that are difficult or impossible to achieve using traditional manufacturing methods.
A variety of metals, including titanium, aluminum, and stainless steel, can be employed in this process, making it suitable for a wide range of applications. In industries such as aerospace, automotive, and healthcare, metal 3D printing has been applied to enhance production efficiency and reduce material waste.
Growing demand for customization and rapid prototyping in these sectors has been driving the adoption of metal 3D printing. Rising advancements in material science and printing technologies have also contributed to the market’s expansion, as new alloys and more precise printing methods are developed.
Additionally, increasing cost-effectiveness and production scalability have made this technology a viable solution for both prototyping and large-scale manufacturing, positioning it as a key player in the future of industrial production.
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How has the Increasing Demand for Lightweight and Complex Components Impacted the Growth of the Metal 3D Printing Market?
The increasing demand for lightweight and complex components in industries such as aerospace, automotive, and healthcare has been identified as a major driver of the metal 3D printing market. According to a report by the U.S. Department of Energy, lightweight materials and designs could reduce vehicle weight by up to 50%. This demand has been primarily fueled by the need for reducing overall product weight while maintaining structural integrity, particularly in aerospace and automotive sectors.
Metal 3D printing has been utilized to achieve these design goals by allowing the production of intricate geometries that traditional manufacturing methods cannot deliver. Additionally, cost savings from material efficiency and reduced lead times have been realized, further promoting the adoption of this technology. As a result, substantial growth in the Metal 3D Printing market has been observed, with increasing applications across high-value sectors.
What are the Primary Restraints Faced by the Metal 3D Printing Market in Terms of Cost and Material Limitations?
The high initial investment costs associated with metal 3D printing equipment and the limited availability of compatible materials have been recognized as significant restraints for the market. Many industries have been deterred from adopting this technology due to the substantial capital required for advanced 3D printers and the operational costs linked to maintenance and skilled labor.
Additionally, material limitations have been noted, as not all metals are suitable for the process, and the development of new metal alloys is often expensive and time-consuming. These challenges have constrained the market’s potential growth, especially for small and medium-sized enterprises looking to integrate 3D printing solutions.
Category-Wise Acumens
What Factors have Contributed to the Dominance of the Powder Form in the Metal 3D Printing Market?
According to VMR Analyst, the powder form has been dominating the metal 3D printing market due to its ability to produce high-precision and complex metal parts. Powder materials have been utilized extensively in industries such as aerospace, automotive, and medical due to their superior flowability and uniform particle size, which result in better layer formation during the 3D printing process.
Furthermore, increased research and development in metal powders, including titanium and steel, has improved their material properties, such as strength and durability, enhancing their suitability for high-performance applications. The demand for powder form in 3D printing has also been driven by its ability to minimize material wastage and optimize production efficiency, solidifying its dominance in the market.
What are the Factors Driving the Rapid Growth of the Medical and Dental Segment in the Metal 3D Printing Market?
According to VMR Analyst, the medical and dental segment has been experiencing rapid growth in the metal 3D printing market due to its ability to produce customized implants, prosthetics, and surgical tools with high precision. The increasing demand for patient-specific medical solutions has been a key factor, as metal 3D printing enables the creation of complex geometries tailored to individual needs, which traditional manufacturing cannot achieve.
Additionally, the rising adoption of biocompatible materials such as titanium in the production of dental implants has further fueled this growth. The reduction in production time and cost, coupled with advancements in medical-grade metals and printing technologies, has also contributed to the expanding application of metal 3D printing in healthcare.
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Country/Region-wise Acumens
What Factors have Contributed to North America’s Dominance in the Metal 3D Printing Market?
According to VMR analyst, North America’s dominance in the metal 3D printing market has been driven by the presence of key industries such as aerospace, defense, and healthcare that have heavily invested in additive manufacturing technologies. High levels of R&D spending, especially in the U.S., have been facilitating advancements in 3D printing hardware and materials, further strengthening the region’s position.
The aerospace and defense sector in North America, especially in the United States, plays a major role in promoting the adoption of metal 3D printing. A report by the Aerospace Industries Association (AIA) highlights that the U.S. aerospace and defense industry added USD 892 Billion to the national economy in 2018, representing almost 2% of the country’s GDP. This strong industry foundation fuels the need for cutting-edge manufacturing technologies, such as metal 3D printing, which are essential for creating intricate components and prototypes.
Additionally, the strong support from government initiatives, such as funding for advanced manufacturing and collaborations between public and private sectors, has boosted the adoption of metal 3D printing. The early adoption of cutting-edge technologies and the region’s robust industrial infrastructure have also contributed to its leading market share.
How is the Asia Pacific Region Expected to Experience Rapid Growth in the Metal 3D Printing Market?
According to VMR Analyst, the Asia Pacific region has been experiencing rapid growth in the Metal 3D Printing market. The region’s expanding automotive and electronics sectors have been leveraging metal 3D printing for prototyping and production of complex components, contributing to market growth.
The Asia Pacific region, particularly countries like China and India, has experienced significant industrial growth, driving the adoption of advanced manufacturing technologies like metal 3D printing. According to a report by the Asian Development Bank (ADB), manufacturing value added in Asia grew by an average of 6.5% annually between 2010 and 2020, compared to a global average of 2.8%.
Government initiatives promoting smart manufacturing and investments in industrial innovation have further accelerated the adoption of 3D printing technologies. Additionally, the availability of a cost-effective labor force and raw materials has attracted global manufacturers to set up 3D printing facilities in the region, fueling its growth trajectory.
Competitive Landscape
The Metal 3D Printing Market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the metal 3D printing market include:
- 3D Systems Corporation
- Arcam AB
- Carpenter Technology Corp.
- EOS GmbH Electro Optical Systems
- GKN PLC
- Höganäs AB
- Materialise NV
- Renishaw PLC
- Sandvik AB
- Stratasys Ltd.
- The Exone Company
- Titomic Limited
- Voxeljet AG
Latest Developments
- In October 2022, Amnovis, an additive manufacturing production and engineering business based in Aarschot, Belgium, used 3D Systems’ DMP Flex 350 Dual in its contract manufacturing process. This next-generation technology, which comprises two lasers, allows Amnovis to make high-quality, extremely reliable end-user parts for a wide range of industrial and medical device applications.
- In October 2021, 3D Systems announced its acquisition of Volumetric Biotechnologies. Volumetric Biotechnologies is a biotechnology business situated in Houston. The acquisition will assist 3D Systems in developing manufacturing capabilities for fully biocompatible human organs utilizing Additive Manufacturing (AM).
- In November 2019, Renishaw plc announced its collaboration with Sandvik Additive Manufacturing. The cooperation intended to evaluate innovative additive manufacturing (AM) materials for production use. Renishaw plc is expected to benefit from this collaboration by developing new metal materials for 3D printing.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~19.30% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | 3D Systems Corporation, Arcam AB, Carpenter Technology Corp., EOS GmbH Electro Optical Systems, GKN PLC, Höganäs AB, Materialise NV, Renishaw PLC, Sandvik AB, Stratasys Ltd., The Exone Company, Titomic Limited, Voxeljet AG. |
| Customization | Report customization along with purchase available upon request |
Metal 3D Printing Market, By Category
Form:
- Powder
- Filament
Type:
- Titanium
- Steel
End-User:
- Medical & dental
- Automotive
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL METAL 3D PRINTING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL METAL 3D PRINTING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL METAL 3D PRINTING MARKET, BY FORM
5.1 Overview
5.2 Powder
5.3 Filament
6 GLOBAL METAL 3D PRINTING MARKET, BY TYPE
6.1 Overview
6.2 Titanium
6.3 Steel
6.4 Nickel
6.5 Aluminum
6.6 Others
7 GLOBAL METAL 3D PRINTING MARKET, BY END USER
7.1 Overview
7.2 Medical & dental
7.3 Automotive
7.4 Aerospace & defense
7.5 Others
8 GLOBAL METAL 3D PRINTING MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL METAL 3D PRINTING MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 3D Systems Corporation
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 EOS GmbH Electro Optical Systems
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 The Exone Company
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Stratasys Ltd.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Sandvik AB
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Renishaw PLC
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Development
10.7 Materialise NV
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Höganäs AB
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Titomic Limited
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Voxeljet AG
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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